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– LambdaNet sale leads to jump in earnings
– Equity ratio at about 85%
– Adjusted forecast: Higher earnings target but less sales in 2011
Group sales at EUR 47.50 million increased markedly in the first half of 2011 in comparison to the corresponding period of the previous year (EUR 41.93 million). Especially the segment Renewable Energies was more than able to compensate the losses of sales in the segments Broadband/IP and Telephony.
The result of the
Revenue for the Quarter and the 9 month period ending June 30, 2011 more than doubles to $2.7 million and $7.7 million, respectively Fourth Consecutive Quarter of Profit from Operations (Non-GAAP)
The GfK Group continued the pleasing growth trend already established in the first quarter of 2011. In the second quarter of the year, GfK achieved a significant increase in sales and income compared with the first quarter of 2011 and the same period in the previous year. In addition, net debt was considerably reduced. In view of the continuing good order intake and the business trend to date, GfK confirms the guidance it gave at the start of the financial year, despite the current uncertain gl